Google is in talks to
buy mobile-payments company Softcard, technology news website TechCrunch
reported on Friday, citing people familiar with the matter.
The deal could help pair
Google with the largest U.S. wireless carriers to battle Apple Inc and its new
Apple Pay service, TechCrunch wrote.
The deal may be valued
below $100 million, the report said citing sources.
Softcard is jointly
owned by AT&T Inc, Verizon Communication Inc’s Verizon Wireless Inc and
T-Mobile US Inc.
Google was not
immediately available for comment outside regular U.S. business hours.
“We do not comment on
merger speculation,” said a Softcard representative.
It’s a good time to be a startup with a great idea, or actual
great products. Companies are paying more attention and cash than ever to
acquire new talent and technology to gain an upper hand in the cut-throat
innovation-driven industry. Any one thing could be the next big cash cow and no
one wants to miss out. Google along with Facebook, Yahoo and others was on
a shopping spree last year. Take a quick look at its acquisitions here.
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